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The Impact Of Digitization In Ensuring Sustainable Economic Growth At The National Level

Author

Listed:
  • GURAN Elena-Andreea

    (Nicolae Bălcescu Land Forces Academy)

  • PÄ‚PULETE Eduard-NicuÈ™or

    (Nicolae Bălcescu Land Forces Academy)

Abstract

Considering today s technical and technological progress, digitization represents a clear solution in ensuring an appropriate development that responds to new trends and that ensures the successful achievement of strategic national development objectives. Thus, this paper aims to analyze the contribution of digitization to the growth of the national economy in a sustainable way and our goal in finding new solutions for overall development of our country to match the other countries in European Union. In the study, we sought to highlight the most relevant factors of the digitization process with direct involvement in the sustainable development of the economy. To carry out this research, we used the factor analysis method with the help of the IBM-SPSS software to select the representative variables. The purpose of using this analysis method is to identify the factors with the strongest impact/role on the development of digital infrastructure at the level of the national economy in order to support a sustainable development, having as a reference base the evolution of some representative indicators that marked this process during 2017 - 2022. The evolution and dynamics of the influencing factors resulting from the research determine the detailed analysis and the identification of potential discrepancies between the digital transformation process and the proposed objectives.

Suggested Citation

  • GURAN Elena-Andreea & PÄ‚PULETE Eduard-NicuÈ™or, 2023. "The Impact Of Digitization In Ensuring Sustainable Economic Growth At The National Level," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 75(2), pages 78-86, June.
    • Handle: RePEc:blg:reveco:v:75:y:2023:i:2:p:78-86
    DOI: 10.56043/reveco-2023-0018
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    References listed on IDEAS

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    1. Pinar Aytekin & Florina Oana Virlanuta & Huseyin Guven & Silvius Stanciu & Ipek Bolakca, 2021. "Consumers’ Perception of Risk Towards Artificial Intelligence Technologies Used in Trade: A Scale Development Study," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 23(56), pages 1-65, February.
    2. Gianmarco Bressanelli & Federico Adrodegari & Marco Perona & Nicola Saccani, 2018. "Exploring How Usage-Focused Business Models Enable Circular Economy through Digital Technologies," Sustainability, MDPI, vol. 10(3), pages 1-21, February.
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    More about this item

    Keywords

    Factor Analysis; Digitization; Economic Development; Sustainability;
    All these keywords.

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C87 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Econometric Software
    • F10 - International Economics - - Trade - - - General
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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